Technological advancements have an impact on every industry — especially manufacturing. In fact, according to the report “Exponential technologies in manufacturing” by Deloitte and Singularity University, 86 percent of the top 100 companies by R&D spend are in the manufacturing sector. The main technology investment areas for these companies include cloud computing, advanced analytics, modeling and simulation, optimization and predictive analytics, and the Internet of Things (IoT) platforms.
Topics: Workforce Management, Increase Productivity, Improve Efficiency, Manufacturing Management, Warehouse Technology, Process Analysis, reduce labor costs, warehouse efficiency, Workforce Management Tools
One of the benefits of attending this year’s Council of Supply Chain Management Professional’s Conference (CSCMP) was learning about trends that are on the horizon in the world of logistics. One such change is how technology is enabling companies to connect based on need and availability.
Throughout the U.S., the greatest obstacle for Operational and Human Resource professionals hit while trying to improve their labor management is a resistance to change. The pressure to succeed makes companies less open to taking risks and trying new techniques. Yet, businesses have to make modifications to keep up with a shifting national and global economy.
The chart below indicates the actual results that nGROUP produced for a leading electronics manufacturer.
Topics: Human Logistics, Labor Management, Lean Manufacturing, Outsourcing, Business, Cost, Warehouse Technology, Improving Production Yields, reduce labor costs, performance partners, warehouse efficiency, nGROUP
The Analyst Insight* research of The Aberdeen Group found that comprehensive training, ongoing monitoring and performance-based incentives are keys to drive down labor cost, increase productivity and deliver business results.